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...Another focus for MS Amlin is to grow its casualty insurance lines, such as policies which provide cover for legal claims against a company’s management team....
...Ingosstrakh, which evolved out of the Soviet-era Chief Agency of Foreign Insurance, is one of Russia’s largest insurers. Insurance for shipping is a small part of its portfolio....
...cap, while using western-based insurance services — a potential breach of restrictions imposed by western powers to try to crimp Moscow’s oil revenues....
...The car, home and business insurer, whose results often set the tone for the insurance earnings season, managed an improved combined ratio — claims and expenses as a proportion of premiums — of 85.8 per...
...But in a statement early on Thursday, the company expressed regret over the tragedy....
...Analysts at Bank of America said the deal should not worsen the outlook for capital returns at Aviva....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...The US property and casualty insurance industry has suffered through a summer of devastating thunderstorms on the continent....
...The flood maps that Fema uses to set premiums for its federally underwritten National Flood Insurance Program — which is how most Americans get flood insurance — are outdated....
...Luckily, 2023 was a relatively mild year for hurricanes. That helped mitigate any massive losses for Berkshire’s all-important property and casualty insurance segment. Profits here jumped....
...“The big question is, can the PE firms be a trusted owner of a life insurance company?” said Isabelle Santenac, global insurance leader at consultancy EY....
...The closely watched election underscores the resurgence of the labour movement in America....
...Luckily, 2023 was a relatively mild year for hurricanes. That helped mitigate any huge losses for Berkshire’s all-important property and casualty insurance segment. Profits here jumped....
...Europe’s second-biggest insurer, which cemented its focus on property and casualty insurance with the $15.3bn acquisition of XL in 2018, said it would prioritise dividend growth and annual share buybacks...
...This has dramatically increased the risk for an even weaker euro-dollar, even parity,” said Athanasios Vamvakidis, global head of G10 foreign exchange strategy at Bank of America....
...Farmers Insurance, one of the biggest property and casualty providers in the US, found itself under attack this year for political “wokeness”....
...a company to house Eurovita’s life insurance policies....
...Linklaters has appointed Brussels partner Bernd Meyring as its new global head of antitrust and foreign investment....
...Foreign direct investment is robust but below records as a percentage of gross domestic products. López Obrador’s six-year term is set to end with almost no GDP per capita growth....
...The US Treasury’s Office of Foreign Assets Control “will consider requests for specific licenses to continue activities beyond the end of the wind-down period on a case-by-case basis”, according to a US...
...A unit of UnitedHealth, the gigantic American conglomerate, suffered a ransomware attack, preventing the insurance payments. Thankfully, her operation eventually took place....
...Instead, they said consumer spending remained strong, and much of the drop in lending came from large companies, which have used their excess cash, or better markets, to pay down debt....
...The insurance sector is expecting a hefty bill....
...Methodology The FT Americas’ Fastest-Growing Companies 2024 is a list of the 500 companies in the Americas that have the highest growth in publicly disclosed revenues between 2019 and 2022....
...The mechanics of the NAIC’s rule change (as described by Barclays, Bank of America, regulators, industry groups and various other sources) are . . . not especially simple....
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